Tax subsidies for domestic power and foodstuffs as inflation hits new highs A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy. Energy
Live retail reporting of VAT transactions to cut fraud In an effort to close the VAT Gap of missing tax revenues many European countries have introduced VAT e-registers in traditional retail
European Commission grants derogation from VAT Directive for electronic invoices On 17 January, the European Commission granted France permission to introduce mandated electronic invoicing, and derogate from Articles 218 and
The Central American state of El Salvador is considering joining the global VAT on digital services movement. The Ministry of Finance has said it is looking at imposing Value Added
Legislation and IT being readied for state to join Gulf Cooperation Council VAT union The Gulf state of Qatar is making preparations for the introduction of Value Added Tax, with
Fiji proposed implementing its Value Added Tax on remote digital or electronic services sold by non-resident providers or marketplaces in 2020. There is a VAT registration threshold of FJD 300,000.
Potential annual reporting of certain intra-community movements of goods Czechia has introduced from 1 January 2022 a new simplified Intrastat reporting regime. This is comes with a reporting threshold of
VAT cut may be announced prior to 7 Feb price cap rise The UK government is coming under pressure to cut the reduced VAT rate on domestic fuel from 5%
VAT reduction to 7% on supplies in hotels, cafes and restaurants The east European state of Montenegro has cut the Value Added Tax rate on food and non-alcoholic drinks served
Banking system pre-clearance on mandated import export electronic invoicing to fight fraud From 1 February 2022, imports or exports of goods from Nigeria must include a pre-clearance of an electronic
Withholding VAT and INR collections both due on non-resident digital services Paraguay has launched a new INR (income tax on digital services) registration and reporting regime for non-resident providers of
Phase 2 of electronic invoicing April to July 2022 Following the November 2021 launch of e-invoicing in six cities, it will be extended to further 57 cities of Vietnam between
El Salvador’s General Directorate of Internal Taxes DGII launched an e-invocing pilot in 2019 for around 50 large taxpayers. This is still underway with delays in completion due to the
Tax codes are used to communicate VAT calculations and reporting between systems. But are they essential if they’re slowing down implementations, and driving-up installation and maintenance costs? There is a
The Cambodian General Department of Taxation is to compel non-resident providers of goods and electronic / digital services to its consumers. The implementation date is 31 March 2022; registrations under
B2C Non-resident distance selling merchants must register from June 2022 The east European country of Belarus is to impose the obligation to VAT register for non-residents selling goods (B2C) from
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